Comment 17208

By statius (registered) | Posted January 15, 2008 at 18:41:09


Again, the problem here is with analogy. Vancouver has had, for probably the last 20 years, the most robust and insatiable residential real estate market in Canada, and one of the most dynamic in North America generally. The city knew that yuppies would submit and buy into mixed income integrated buildings even though it goes without saying that they didn't want to live next to, above, or below low income individuals or families. There has never been a glut of residential realty in Vancouver, and prices have for a long time now been so astronomically high in that city that the compulsory integration of subsidized and market rate units actually makes sense. In Hamilton it does not. The market is just too weak. The simple fact is that people really, really want to live in downtown Vancouver. Very few people, as it stands, want to live in downtown Hamilton. There might come a time when Hamilton seriously has to think about income integration, but it's a long way off.

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